Altamira Gold Granted Environmental Permit for Trial Mining at Cajueiro Project, Brazil

Altamira Gold Advances Cajueiro Project with New Environmental Permit

Altamira Gold Corp. (TSXV: ALTA) has secured an Environmental Installation License for trial mining at its Cajueiro Project in Pará State, Brazil. The permit is valid until September 2027 and allows the company to process up to 100,000 tonnes annually at two mineral rights: Baldo and Matrincha. This milestone enables Altamira Gold to begin trial mining, potentially generating early cash flow and refining geological models in the Central Mineral Resource Area.

Located about 75 km northwest of Alta Floresta, Cajueiro lies within the prolific Juruena Gold Belt. This region is known for producing over six million ounces of placer gold. The project contains two major gold deposits: Cajueiro Central and Maria Bonita. Cajueiro Central has an indicated resource of 5.66 million tonnes at 1.02 g/t gold (185,000 oz) and inferred resources of 12.66 million tonnes at 1.26 g/t gold (515,000 oz). Meanwhile, Maria Bonita adds indicated and inferred open-pit resources totaling more than 720,000 ounces of gold.

Trial Mining Permit Strengthens Cajueiro’s Exploration Potential

The Environmental Installation License (LI No. 3651/2025) covers critical trial mining operations at the Baldo and Matrincha targets. Both lie within the established mineral resource area. Altamira Gold plans to use this permit to validate mineralization controls and improve resource reconciliation. CEO Mike Bennett highlighted the permit’s strategic value for near-term development and deepening the understanding of gold-bearing structures at Cajueiro.

Drilling at Maria Bonita continues to show encouraging results. For example, one intercept reached 213 meters averaging 0.8 g/t gold, with sections grading up to 1 g/t. The project’s geology supports multiple porphyry gold systems, which increase district-scale potential. Future exploration will test these targets to expand the resource base further. This effort will reinforce Cajueiro’s position in Brazil’s gold sector.

 

SuperMetalPrice Commentary:

Altamira Gold’s environmental permit represents a crucial step in unlocking Cajueiro’s economic potential. Trial mining will deliver important data for operational planning and could generate early revenues. Meanwhile, the district’s extensive porphyry gold systems suggest significant upside for resource growth. As global gold demand remains strong, Cajueiro stands as a strategic asset for investors eyeing emerging South American gold projects.